Summary:
- The article discusses the departure of several high-profile members from the Climate Action 100+ initiative, a global investor group that aims to pressure the world's largest corporate greenhouse gas emitters to take action on climate change.
- The departures include the Canadian Pension Plan Investment Board, the Ontario Teachers' Pension Plan, and the New Zealand Superannuation Fund, which have cited concerns about the initiative's effectiveness and the lack of tangible progress in reducing emissions.
- The article suggests that the departures highlight the challenges faced by the climate action movement, as investors struggle to balance their fiduciary duties with the need for more aggressive action on climate change.